All types of credit, from good to bad, can qualify for an auto loan. No credit, no problem! We will work with you to secure a no credit car loan if your situation demands it. BMW of Monterey has strong relationships and is committed to finding you the perfect car loan company to suit your car finance needs.

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Low interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract. You're just a step away from approved car financing!

Take a moment to go over the breakdown above to see which financing solution you feel is best for you, and if you'd like a little help and guidance, come on in to see us at BMW of Monterey, located conveniently on 1 Geary Plz, Seaside, just a short drive from folks in the surrounding areas of San Jose, Salinas, Santa Cruz, Monterey. You've found your perfect new BMW, now come on in and find your perfect auto financing solution, too.

Auto Loan

BMW Leasing

Because you're purchasing outright, the monthly payments tend to be a little higher for an auto loan, but it's the difference between owning your vehicle and leasing it.

Payments

With leasing, you're only paying for the cost of depreciation, so your monthly payments tend to be lower than with a loan, but the difference is, you don't own your vehicle outright.

When you purchase with a loan, there aren't really any restrictions on what you can do with the vehicle. Because you're buying rather than leasing, you won't be returning the vehicle to the dealership at the end of a contract, so it's yours to do with as you please. You can make customizations, you can drive it as much as you want without restriction, and if you ever want to, you can choose to sell it. You can't do any of that when you lease.

Terms & Conditions

While leasing brings lower monthly payments, there are some restrictions to how you can use your vehicle. When you lease, you agree to a contract with the dealership which will define how long you'll keep the car and how many miles you're allotted to drive. If you go over the allotted miles, you can end up paying a fee when you return the vehicle at the end of the contract; however, if you're someone who doesn't drive often, you might be able to save a little money on your lease by opting for a low-mileage lease!

When you purchase, you only bring your car back to us when it's time for service and maintenance! It's yours forever, or until you decide to sell it or pass it on.

Do I Return the Car?

Yes! When you lease, you bring the vehicle back to the dealership at the end of your contract, and then you can choose to move onto a newer, fresher model at that time. This is great for those who want access to the latest and greatest every few years!

While new vehicles often have a robust manufacturer's warranty to go along with them, it's important to remember that the car remains yours even when the warranty is up, so at that point, all repairs and maintenance will become your financial responsibility.

Warranty & Repairs

One great aspect of leasing is, because lease terms tend to be on the shorter side of things, it's very likely your vehicle will remain under the manufacturer's warranty for the duration of your lease, so most of the repairs or maintenance it needs could end up being covered, costing you little to nothing out of pocket!